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TOPIC: BP - BP.L

BP - BP.L 07 Feb 2018 18:42 #1

  • Trendfriend
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quick look here at BP.
bp = daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...re%2FtfxUYv0TWWnQ%3D

the bearish rsi div, was the signal to get out....
the break below and subsequent failure to get above teh 20 day ema line was the signal a nasty fall was in the offing imho.....

This has broken below the 200 day ema line.....and the retest doesn't look very convincing imvho.
Looks like a bounce from oversold rsi levels......and now ready for new leg lower.....

bp. - weekly.
uk.advfn.com/p.php?pid=chartscreenshotsh...cyumb+8Lj0Fu5/53Aoc=

The weekly shows the bounce from 452p being the 200 day ema line on the weekly chart....
The main trendline looks vulnerable...and the rsi has fallen below the neutral 50 level all indicating further downside...

485 and 475p crucial must hold levels...below 475>452p>437p>410p

by all intents and puposes, at the very least this should retest 452p imvho because the technical set up is bearish....

A weekly close above 485/490p area opens up the highs again....

atb, wdik, dyor,
trendfriend :)
Last Edit: 07 Feb 2018 18:43 by Trendfriend.
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BP - BP.L 07 Feb 2018 17:20 #2

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LTV,
Please see the attached chart...
You can see it went to 452 yday and then back up.... ta G
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BP - BP.L 07 Feb 2018 10:43 #3

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watch the 200 day ema line around 412p......at least a reasonable possibility to test that level imvho....

atb, wdik, dyor,
trendfriend
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BP - BP.L 07 Feb 2018 08:36 #4

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I didn't see it hit 452.

Today will be intereesting.... :whistle:

Weekly chart, nice hammer.

BP.-Weekly1.png


But daily chart, it retested the trendline and failed. :huh:

BP.-Daily.png
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BP - BP.L 06 Feb 2018 13:11 #5

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Didn't know it went to 452 today!!!
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BP - BP.L 06 Feb 2018 12:00 #6

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Out at 480p.... Don't want to try my luck further....
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BP - BP.L 05 Feb 2018 11:16 #7

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Paitech wrote:
Bought in at 481.6p ..5k £ worth
Small punt before tomorrow results
Ta G

I was thinking about it, didn't have the balls. :S

I'll see tomorrow, if it's anything like what happened to shell, profits doubled and share price dropped 2%, admittedly there was a market drop.
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BP - BP.L 05 Feb 2018 09:46 #8

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Bought in at 481.6p ..5k £ worth
Small punt before tomorrow results
Ta G
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BP - BP.L 04 Feb 2018 14:17 #9

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Thanks trendfriend.

I'll keep watching. ;)

If it gets to 400, I think I will load up. :P
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BP - BP.L 04 Feb 2018 14:01 #10

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strong support for this stock between 485p (200 day ema line) and 470p/472p main trendline....and pivot level.

Tight stops are a must below 470p, a drop below 470p, could well mean a stronger p/b to the low 400p area is possible imvho....

Ultimately this needs to clear 535p for higher imvho....no break no higher, so thats the target...

A bit of a slow burner for me......a like to go a bit more gung ho....(if you know what i mean)...but this is nice safe stock, that pays a good divi as well... ;)
atb, wdik, dyor,
trendfriend
Last Edit: 04 Feb 2018 14:03 by Trendfriend.
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BP - BP.L 02 Feb 2018 08:41 #11

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BP Weekly.

Looks to have support in 2 forms around 484-490.

Trendfriend, did you buy around 440?

Results soon, so be careful, shell profits doubled, but fell 2%.



BP.-Weekly.png
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BP - BP.L 15 Nov 2017 13:50 #12

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nice call...turned down nicely from there ;)
Information Purposes Only, Do Your Own Research
remo
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BP - BP.L 07 Nov 2017 08:23 #13

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BP. - Monthly Chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...QriqC3I%2Fz6PFwn0%3D

This is approaching a key resistance trendline at 531p (falling a slightly monthly)

If it breaks above, it would end a very long term down trend here.....10 + years!! :huh:

Any would be a massive buy signal, and indicative of long term strength.....not only for BP but for the ftse and whole sector imvho.... ;)

atb, wdik, dyor,
trendfriend
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